Sentences with phrase «greek debt default»

Stocks have been battered by the threat of a slowdown and fears that a Greek debt default could spark a credit shock similar to that caused by Lehman Brothers in September 2008, sending markets into a tailspin.

LONDON, June 22 (Reuters)- French and German banks may be forced to turn to the European Central Bank to plug a short - term funding gap if cautious U.S. investors continue to rein in lending on fears of potential losses from a Greek debt default.

Not exact matches

If there is a Greek default, it could precipitate the debt - laden country's exit from the euro zone.

A teleconference between Greek Prime Minister George Papandreou, Nicolas Sarkozy and Angela Merkel tonight will go a long way to determining market expectations as to whether Greece will default on its mountain of debts any time soon.

Talks hit a snag between the new Greek government and the banks and other private investors that Athens hopes will agree to take losses on their debt so that Greece can avoid a default.

Between June and July 2015, it appeared that the divergences separating the Greek far - left Tsipras government and its EU and international interlocutors had the potential of leading to a sovereign debt default.

Recently gold challenged it's all time highs, being propelled largely by renewed concerns over the Greek debt crisis and the possible ramifications a default could have on global financial markets.

Tags: Brazil, Bund, Bush, collateral, corn prices, corn - based ethanol, downgrades, ECB, EU, FDIC, GIIPS, Greek default, IMF, LTRO, Obama, renewable fuels association, S&P, sugar - based ethanol Posted in Corn, Debt Market, Ethanol, Europe, Sugar 6 Comments»

The idea of debt amnesties was to prevent debt from tearing society apart — to prevent the kind of crisis that the United States has been in since 2008, when President Obama didn't cancel the junk - bond debts, or the debts that tore the Greek economy apart — when the IMF and Europe imposed them on Greece instead of letting it default on debts owed to French and German bondholders.

The write - down was applied to $ 198 billion of Greek bonds, making it the biggest debt default in history.

Should Greek voters reject the austerity plan, it could lead to a messy default on the country's debt that would likely cause massive losses for banks that hold Greek bonds - and possibly spark a wider financial crisis that could send Europe into recession.

A trader walks in New York City's financial district on Sept. 12, a day when stocks fell early based on fears that the Greek government would default, then rallied on news that China might buy Italian debt.

Indeed, in the event of a near - term expectation of debt default, we would probably see 1 - year Greek yields spiking above 40 %, and 3 - month yields well above 100 % annualized (which would be associated with 3 - month bills trading well below 85 % of face).

I noted a couple of weeks ago that the implied default probability for Greek debt had reached about 100 % on the basis of 2 - year yield spreads.

A haircut — can refer to the interest differentials charged and paid on Over The Counter (OTC) products like CFDs and Forex, and to reduce debt repayments when there is risk of a total loan default, an example is the huge «haircut» European banks have taken on their loans to the Greek government.

The Greeks, on the other hand, continue to riot in the streets & have defaulted on their debt.

The Greek parliament has voted narrowly in favour of a package of austerity measures aimed at preventing the nation from defaulting on its debts.

As their country faces the possibility of default on its debt to the International Monetary Fund (IMF) and potential exit from the European Union, Greek citizens woke up this Monday to face bank closures and strict limits on how much money they...

As their country faces the possibility of default on its debt to the International Monetary Fund (IMF) and potential exit from the European Union, Greek citizens woke up this Monday to face bank closures and strict...